Turkmenistan, Ashgabat, August 17 / Trend G. Hasanov /
IMF report published in Turkmen media on August 17 stresses that Turkmenistan demonstrates high indices of national economy despite the global economic crisis.
Therefore, real GDP increased 10.5 percent in 2008 compared to 2007. Big state investments in construction and infrastructure, as well as activity in transport, communication and retail trade provided this growth.
Increase of production volumes in branches producing goods became decisive factor of GDP growth. As a result, share of industry in GDP increased 15 points.
Gross investments increased 37.1 percent in 2008 compared to 2007 but joint payments in state budget increased 23.6 percent by proving growth of its black ink by 11.3 percent.
Total volume of Turkmen export hit $11.8 billion in 2008.
Macroeconomic indices within seven months of 2009 testify about Turkmen stabile dynamics of GDP growth. Increase of physical volumes of production, retail and foreign trade turnover is achieved in many branches. But investment activity reached the highest index within the first six months by exceeding 2.5 times the same period of 2008.
Total volume of capital investments o the Turkmen economy over 2005-2008 hits $16.97 billion. But volume of investments on major funds increased thee times in 2008 compared to 2007.
Share of foreign investments to the Turkmen economy is increasing by hitting 32 percent of total sum of capital investments in 2008. Totally, over 65 percent is directed to production sector of total volume of investments annually.
The IMF experts said that establishment of Turkmen stabilization fund, denomination of national currency and preservation of stabile exchange rate as determining factors of progress in reforms governing state finances.
The IMF specialists positively appraised reforms conducted in financial sector and increasing activity of banks.
Turkmen media said that the IMF specialists forecasted further firm progress for Turkmenistan and an increase in its rating as a very attractive country for investments.
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